{
  "id": 19052992,
  "title": "Libya’s Central Bank Completes Handover",
  "url": "https://urgent.news/2026/11/09/libyas-central-bank-completes-handover",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T00:07:17.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/libya-central-bank-governor-handover-complete/"
  },
  "original_language": "en",
  "account": "Libya’s Central Bank successfully completed the handover of its top position on 8 November 2026, with the inauguration of new governor Fauzi Abokhzam. The previous governor, Naji Mohamed Issa, resigned on 2 November 2026 after the House of Representatives approved his appointment, marking the formal transfer of duties and responsibilities. The Central Bank of Libya holds the country’s oil income, and disputes over its leadership previously resulted in a sharp drop in oil production in 2024. The handover ceremony saw the signing of minutes by both Abokhzam and Issa, officially recording the transfer. The bank acknowledged Issa’s service and emphasized the importance of continuity for the bank’s operations. Abokhzam took the constitutional oath before the speaker of the House of Representatives on 4 November, and the President of the House officially appointed him on 8 November. The completed handover removes uncertainty for oil buyers, banks, and foreign companies dealing with the bank, as it removes one source of doubt for Libya’s economy. Despite the completed handover, questions remain over the right to appoint the governor, and political tensions persist in Libya’s oil sector.",
  "summary": "Libya's central bank completed its governor handover on 8 November 2026, as Fauzi Abokhzam formally took over from Naji Mohamed Issa. The post Libya’s Central Bank Completes Handover appeared first on The Rio Times .",
  "key_points": [
    "Libya's Central Bank completes handover on 8 November 2026.",
    "Fauzi Abokhzam inaugurated as new governor, replacing Naji Mohamed Issa.",
    "Handover removes uncertainty for Libya's oil-dependent economy."
  ],
  "editors_take": "Stabilizing the leadership of the central bank provides much-needed certainty for international oil buyers and financial institutions operating within a volatile economy previously disrupted by management disputes.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}